This paper documents five stylised facts relating to price adjustment in the euro area, using various micro price … datasets collected in a period with relatively low and stable inflation. First, price changes are infrequent in the core … change is smaller, but nevertheless larger than inflation. Third, price setting is mildly state-dependent: the probability of …

unexpected gas price supply shocks on HICP inflation in the euro area and its four largest economies. In comparison to oil price … shocks, gas price shocks have approximately one-third smaller pass-through to headline inflation. Country-specific results … indicate gas price increases matter more for German, Spanish and Italian inflation than for French inflation, hinging on the …

DANKSAGUNG 11 EINLEITUNG 12 KAPITEL 1 Die WWU, die EZB und der Euro 15 1.1 Der Weg zur WWU und zum Euro 15 1.1.1 Erste Schritte … Europäische Akte 19 1.1.3 Der Vertrag über die Europäische Union 21 1.1.4 Die Verwirklichung der WWU und die Einführung des Euro … Gemeinschaftsrechts 47 2.1.3 Die NZBen des Euro-Währungsgebiets als integraler Bestandteil des Eurosystems 48 2.1.4 Die NZBen der nicht …

through to all components of euro area inflation - producer prices, wages and core inflation, which has implications for …, supply and inventory shocks. We document how gas price fluctuations have a heterogeneous pass-through to euro area prices …